Ongoing negotiations involving members of the North American Free Trade Agreement (NAFTA) is not likely to affect Mexican ferroalloys and manganese producer Minera Autlan, according to a media report from El Economista.
Citing market analysts, the report said the US is not self-sufficient in the production of ferroalloys. As a result, the country would need to import the product from Mexico, even if Donald Trump decides the US will leave the NAFTA trade bloc.
Armando Rodriguez, analyst at Signum Research, said Minera Autlan is one of the most lucrative companies listed on the Mexican stock exchange in terms of operational flow.
Further, Minera Autlan is likely to benefit from an appreciated US dollar (USD) over the Mexican peso (MXN), according to a media report from El Economista citing market analysts.
Additionally, Minera Autlan also benefits from having most of its sales priced in USD.